Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Macy’s to reopen 68 stores, targets all within six weeks
(Reuters) - Macy's Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get busi...
Apr 30, 2020
Renault puts historic Boulogne property up for sale: sources
By Gilles Guillaume PARIS (Reuters) - Renault PA> has put one of its historic buildings up for sale in Boulogne-Billancourt, the birthplace of the carmaker, to cut costs, three sources close to the co...
Apr 30, 2020
ECB makes credit cheaper for banks, keeps powder dry in virus battle
FRANKFURT (Reuters) - The European Central Bank said on Thursday it would pay even more for banks to borrow from it but kept much of its remaining policy powder dry as it prepared for a long fight aga...
Apr 30, 2020
American Airlines posts first quarterly loss since emerging from bankruptcy
(Reuters) - American Airlines on Thursday posted a $1.1 billion net loss, its first quarterly loss since emerging from bankruptcy in 2013, and warned of a cash burn of about $70 million a day in the s...
Apr 30, 2020
Dow, S&P 500 futures dip at end of strong month; jobless data eyed
By C Nivedita (Reuters) - Dow and S&P 500 stock index futures dipped on Thursday at the end of a strong month for Wall Street, with investors nervous about another stunning jobless claims figure, whil...
Apr 30, 2020
Europe’s falling angels pin hopes on $33 billion ECB redemption
By Yoruk Bahceli LONDON (Reuters) - Coronavirus lockdowns have put corporate bonds totalling around 30 billion euros ($32.6 billion) at immediate risk of dropping into junk debt ratings and losing ECB...
Apr 30, 2020
Funds suggest cutting stocks, expect U-shaped global economic recovery: Reuters poll
By Rahul Karunakar BENGALURU (Reuters) - Global funds recommended an increase in bond holdings to the highest level in seven years, at the expense of stocks, and said the recovery in the coronavirus-h...
Apr 30, 2020
ConocoPhillips swings to loss on oil price slump, impairments
(Reuters) - U.S. oil and gas company ConocoPhillips swung to a first quarter loss on Thursday as it took big hits from impairments and the falling value of its stake in Canadian producer Cenovus Energ...
Apr 30, 2020
Companies on China’s STAR hi-tech market post profit growth amid pandemic
By Luoyan Liu and Andrew Galbraith SHANGHAI (Reuters) - Companies listed on China's new Nasdaq-style STAR Market posted combined profit growth in the first quarter as Beijing looks to bolster its tech...
Apr 30, 2020
Prada has gradually reopened production from April 20, will use antibody tests
(Reuters) - Italy's Prada said on Thursday it had gradually reopened production in several sites across Italy after almost two months of lockdown imposed to contain the spread of coronavirus. The fash...
Apr 30, 2020
